The US dollar's bull run in Tehran's foreign exchange market continues unabated: Rial was trading at 49,000 to the dollar, down from 37,700 in mid-2017...
February 13, 2018 19:48
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Tehran Currency Market: No Stopping Forex Bull Run
The latest currency market shock comes despite repeated promises by officials, including President Hassan Rouhani and Governor of Central Bank of Iran Valiollah Seif, that the fluctuations are temporary and triggered by "non-economic factors"
he business community, which has often censured the government for keeping the rial overvalued and advocated a "gradual moderation" of the exchange rate, is now concerned that the volatility could endanger the country's macroeconomic stability
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